WASHINGTON, July 30, 2019 /PRNewswire/ -- UATP, the
airline-owned payment network, announced today its' second quarter
results.
UATP's Network Charge Volume increased 1% year-over-year while
the Average Transaction Value dropped 10% to USD 430 per ticket; however, UATP's Transaction
Count increased 12% year-over-year.
"UATP continues to thrive in 2019. These results reflect a solid
second quarter and we expect them to continue in the upcoming
months," said Ralph Kaiser,
president and CEO, UATP.
"In addition to the strong Transaction Count this quarter,
UATP's Alternative Payment Processing business has increased 14%
year-over-year." Kaiser continued, "These results are proof
that our strategic growth plan is successfully growing both lines
of business."
For more information, visit UATP.com.
ABOUT UATP
UATP is a global payment solution owned and operated by the
world's airlines and accepted by thousands of merchants for air,
rail and travel agency payments. UATP connects airlines to
Alternative Forms of Payment which can expand reach and generate
incremental sales globally. UATP offers easy-to-use data tools,
DataStream℠ and DataMine℠, which provide comprehensive account
details to Issuers and Corporate Subscribers for accurate travel
management.
Accepted as a form of payment for corporate business travel
worldwide by airlines, travel agencies and Amtrak®; UATP accounts
are issued by: Aeromexico; Air Canada (TSE:AC) Air New Zealand
(ANZFF.PK); Air Niugini; Air Serbia; American Airlines (NASDAQ:
AAL); APG Airlines; Austrian Airlines; China Eastern Airlines
(NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL Israel Airlines;
Etihad Airways; Frontier Airlines; GOL Linhas aereas inteligentes
S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn Air; Japan Airlines
(9201:JP); JetBlue Airways; Qantas Airways (QUBSF.PK); Shandong
Airlines; Sichuan Airlines; Southwest Airlines; Sun Country
Airlines; TUIfly GmbH; Turkish Airlines (ISE:THYAO); United
Airlines (NASDAQ: UAL) and WestJet.
AirPlus International issues the UATP-based Company Account for
Lufthansa German Airlines.
Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 774 5017
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SOURCE UATP